Samuel loses 8% on selling a clock for 1150. At what price did Samuel buy the same clock?
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Answer:
1250
Step-by-step explanation:
Let the price that Samuel bought the clock be "x"
So we get following Equation,
x * ((100-8)/100) = 1150
x * (92/100) = 1150
x = 1150 * 100 / 92
x = 1250
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